South State Bank

520 Gervais Street
Columbia, SC 29201

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 13425
Date Established 1934
Assets $15.40 billion
Loans $11.12 billion
Deposits $11.94 billion
Capital $2.47 billion

South State Bank is an FDIC insured institution located in Columbia, SC. It was founded in 1934 and has approximately $15.4 billion in assets. Customers can open an account at one of its 200 branches.

For a more detailed analysis of South State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 23, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.40% $1 $9,999 Learn MoreShow Less
Money Market
0.50% $10,000 $24,999 Learn MoreShow Less
Money Market
0.50% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.50% $1 $24,999 Learn MoreShow Less
3 Mo CD
0.50% $50,000 - Learn MoreShow Less
6 Mo CD
0.50% $1 $24,999 Learn MoreShow Less
6 Mo CD
0.50% $50,000 - Learn MoreShow Less
12 Mo CD
0.85% $1 $24,999 Learn MoreShow Less
12 Mo CD
0.85% $50,000 - Learn MoreShow Less
Special: 13 Mo CD
1.81% $500 - Learn MoreShow Less
18 Mo CD
0.90% $1 $24,999 Learn MoreShow Less
18 Mo CD
0.90% $75,000 - Learn MoreShow Less
Special: 19 Mo CD
1.95% $500 - Learn MoreShow Less
24 Mo CD
0.95% $1 $24,999 Learn MoreShow Less
24 Mo CD
0.95% $75,000 - Learn MoreShow Less
Special: 25 Mo CD
2.04% $500 - Learn MoreShow Less
30 Mo CD
0.95% $1 $24,999 Learn MoreShow Less
30 Mo CD
0.95% $75,000 - Learn MoreShow Less
36 Mo CD
1.05% $1 $24,999 Learn MoreShow Less
36 Mo CD
1.05% $50,000 - Learn MoreShow Less
1.31% $1 $24,999 Learn MoreShow Less
48 Mo CD
1.31% $50,000 - Learn MoreShow Less
Special: 49 Mo CD
2.21% $500 - Learn MoreShow Less
1.31% $1 $24,999 Learn MoreShow Less
60 Mo CD
1.31% $50,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
0.85% $1 $24,999 Learn MoreShow Less
Special: 13 Mo FIRA
1.81% $500 - Learn MoreShow Less
Special: 19 Mo FIRA
1.95% $500 - Learn MoreShow Less
Special: 25 Mo FIRA
2.04% $500 - Learn MoreShow Less
Special: 49 Mo FIRA
2.21% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1 - Learn MoreShow Less

Loan Rates - August 23, 2019

Your Current Location: Washington, WA 98109

Auto Loan Rates APR Rate Monthly Payment
5 Year 3.24% 3.24% $451.89

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

South State Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


South State Bank Locations


Financial Details

South State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of South State Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
South State Bank U.S. Bank Average
2.29% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, South State Bank had $46,395,000 in non-current loans and $11,297,000 in owned real estate. To cover these potential losses it had $2,467,630,000 in equity and $56,522,000 in loans loss reserves. That gives it a Texas Ratio of 2.29%.

Return on Equity
South State Bank U.S. Bank Average
7.24% 9.47%

South State Bank has a Return on Equity of 7.24% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
South State Bank U.S. Bank Average
16.02% 12.49%

South State Bank has a Capitalization of 16.02% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

South State Bank Balance Sheet Analysis

As of March 31, 2019, South State Bank had assets of $15,402,575,000, loans of $11,122,897,000, and deposits of $11,939,601,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.95 billion
Interest-bearing balances $0.72 billion
Total securities $1.47 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $11.12 billion
Loan loss allowance $0.06 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $1.09 billion
All other assets $0.44 billion
     Total Assets $12.93 billion
LIABILITIES
Total deposits $11.94 billion
      Interest-bearing deposits $8.70 billion
      Deposits held in domestic offices $11.94 billion
      % insured (estimated) 79.16%
Federal funds purchased and repurchase agreements $0.28 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.58 billion
Subordinated debt $0.00 billion
All other liabilities $0.13 billion
      Total Liabilities $12.93 billion
      Shareholders’ Equity $2.47 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.14 billion
Total Interest Expense $0.02 billion
Net interest income $0.12 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.04 billion
Total non interest expense $0.10 billion
Pre-tax Net Operating Income $0.06 billion

Bank Loan Profile?

The top three loan types in South State Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks, South State Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 34.72
Multifamily
Mortgages
2.10
Credit Card Loans 0.00
Consumer Auto Loans 1.79
Small Business Loans 8.61
Construction and Development Loans 8.51
Commercial Real Estate 37.56
Commercial and Industrial Loans 8.56
Farm Loans 0.08

Frequently Asked Questions About South State Bank

Branches and Savings

Is South State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #13425.

Why does South State Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are South State Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is South State Bank a commercial bank?

Yes

Where are South State Bank locations?

See branch locations nearby.

Is South State Bank open on Saturdays?

Is South State Bank open on Sundays?

What time does South State Bank open?

What time does South State Bank close?

Are South State Bank ATMs Open 24/7?

Do South State Bank ATMs accept cash deposits?

Can South State Bank customers use other ATMs?

Do South State Bank branches have notaries?

Will South State Bank notarize my document?

What address for South State Bank should I put for incoming ACH transfers?

Will the South State Bank branch print checks?

Do South State Bank checks expire?

Does South State Bank require US citizenship to open account?

Can South State Bank close my account?

Does South State Bank Report to credit bureaus?

Does South State Bank Use Equifax?

What is South State Bank's ACH Routing Number?

What is South State Bank's SWIFT code?

Products

Does South State Bank offer mortgages?

Compare mortgage rates here.

Does South State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does South State Bank offer personal loans?

Compare personal loan rates here.

Does South State Bank offer student loans?

Will South State Bank cash a check?

Will South State Bank redeem a savings bond?

Does South State Bank cash savings bonds?

Will South State Bank cash money orders?

Can South State Bank issue a money order?

Does South State Bank do currency exchange?

Background on The Bank

Who owns South State Bank?

How long has South State Bank been around?

Can South State Bank transfer to other banks?

Does South State Bank have quick pay?

Does South State Bank accept rolled coins?

Will South State Bank accept loose change?

Where is South State Bank headquarters?

Customer Reviews for South State Bank


  • Maurice Jernigan

    March 22, 2019 |

    I had a 30 no. CD that matured Mar.09 when I moved my money to another bank they charged $50. transfer fee which was 4 equaled 4 months interest very unfair hidden charge!!!!

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